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Facebook gets EU approval for $19bn WhatsApp bid

Credit: PA Images

The European Union has given clearance to Facebook's proposed $19bn (£11.8 billion) bid to takeover mobile messaging app WhatsApp.

The landmark deal is the largest in Facebook's 10-year history and will give it a strong foothold in the fast-growing mobile messaging market, Reuters have reported.

The European Commission said the Facebook-WhatsApp deal would not hurt competition in the lucrative European mobile communications market.

"We have carefully reviewed this proposed acquisition and come to the conclusion that it would not hamper competition in this dynamic and growing market. Consumers will continue to have a wide choice of consumer communications apps," European Competition Commissioner Joaquin Almunia said.

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